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Elastic Founder Doubles Wealth in 60 Days to Become Billionaire

Uri Boness, co-founder of Elastic N.V., from left, Shay Banon, co-founder and chief executive officer of Elastic N.V., Steven Schuurman, co-founder of Elastic N.V., and Simon Willnauer, co-founder of Elastic N.V., ring a ceremonial bell during the company's initial public offering at the New York Stock Exchange in New York.

Uri Boness, co-founder of Elastic N.V., from left, Shay Banon, co-founder and chief executive officer of Elastic N.V., Steven Schuurman, co-founder of Elastic N.V., and Simon Willnauer, co-founder of Elastic N.V., ring a ceremonial bell during the company's initial public offering at the New York Stock Exchange in New York.

Photographer: Michael Nagle/Bloomberg
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Elastic NV co-founder Steven Schuurman more than doubled his fortune in two months to become a billionaire as the software company’s stock skyrocketed.

Shares of Elastic climbed 15 percent to $82 at the close in New York, leaving them up 128 percent since the Oct. 4 initial public offering. The firm, which supplies search and data software to companies including Credit Suisse Group AG, Accenture Plc and Uber Technologies Inc., is scheduled to report second-quarter results after U.S. markets close Tuesday.